Booking Holdings Eyes Even More Tech Investment After Mobile App Successes
Photo Credit: Glenn Fogel, CEO of Booking Holdings, pictured here speaking at Skift Global Forum in September 2022 in New York, is keen on more tech investment. Skift / Neil van Niekerk
Skift Take
CEO Glenn Fogel is focused on making Booking Holdings apps easier for consumers to use. Apparently he's doing something right.
The post-pandemic consumer travel bug is still alive and well, leading to the highest amount of quarterly revenue ever for Booking Holdings.
And more of those bookings at the online travel giant are happening via Booking’s mobile apps than even before the pandemic, so the company plans to strengthen its investment in that tech to capture as many future bookings as possible.
Executives shared some of their plans during an earnings call Wednesday evening for Booking Holdings, which owns the brands Booking.com, Priceline, Agoda, Kayak and more.
Revenue for Booking Holdings last quarter was $6.1 billion, an increase of 29 percent year-over-year, while ne
